Event at the Athens Stock Exchange: The Value of Corporate Governance

Publishing Date:June 28, 2018

Keynote speaker: George SerafeimProfessor of Business Administration, Harvard Business School

An event was held today at theAthens Stock Exchangeon the subject of: “The value of corporate governance”. Alexis Haritsis, Deputy Minister of Economy and Development, honoured the event with his presence, while keynote speaker was the Associate Professor of the Harvard Business School,George Serafeim.

The purpose of the event was to shed light on the adjustments which should be made in the business world, both as regards companies and their executives, in order to achieve their long-lasting competitiveness, both at Greek and international level, guided by successful business examples and international practices.

In this context, theChairman of the Athens Exchange GroupandChairman of Piraeus Bank,Mr.Giorgos Hantzinikolaou,at the opening of the event noted that:“The Stock Exchange, being the core of the stock market, can and must play a key role in the development and reinforcement of the capital market. The promotion of a strong corporate governance system is a prerequisite for the attraction of new – Greek and foreign – investors, with positive effects both on the businesses and the economy of our country”.

TheDeputy Minister of Economy and Development,Alexis Haritsis, in his address noted that during his contacts with American and international investors in the USA, he concluded that the interest for investments in Greece is growing and expanding to sectors other than the traditional ones. Mr. Haritsis noted that the Greek Investment Road Show 2018 coincided with the Eurogroup’s important decision for the Greek debt and the country’s imminent exit from the MoUs, and the fact that discussions revolved around the Greek economy’s priorities for the day after. He further focused on the international recognition of Greece as a pillar of stability and growth in the broader region of South-eastern Europe.

The first part of the event included a speech by theProfessor of the Harvard Business School, George Serafeim, on the subject of:“The Value of Corporate Governance”. His speech revolved around the main points of highlighting corporate governance as a powerful tool for attracting investors, improving the valuation and increasing the confidence in the capital market. Special weight was put on the manner in which the improvement of corporate governance can lead to better access to financing, higher valuation and a better corporate performance.

The second part of the event included anaward ceremonyforMembersof the Athens Stock Exchange, based on their transactions in the Stock Market, the Derivatives Market, the Bond Market and the XNet Network, with the aim of reinforcing and growing the Capital market. There were parallelprizesawarded to the leadingResearch Departments of Members, based on the results of EXTEL’s “Greek Research” category of for 2018, as well as the leadingInvestor Relations Departmentsof the Athens Stock Exchange Listed Companies.

The following awards were awarded per category:

Best Member in Stock Market (ATHEX/FEAS), 2017

1stprize – EUROBANK EQUITIES S.A.

2ndprize – PIRAEUS SECURITIES S.A.

3rd prize – EUROXX SECURITIES S.A.

Best Member in Fixed Income (ATHEX/FEAS), 2017

1stprize – INVESTMENT BANK OF GREECE S.A.

2ndprize – ALPHA FINANCE S.A.

3rd prize – NBG SEUCIRITIES S.A.

Best Member in Derivatives Market (ATHEX/FEAS), 2017

1stprize – INVESTMENT BANK OF GREECE S.A.

2ndprize – PIRAEUS SECURITIES S.A.

3rd prize – EUROBANK EQUITIES S.A.

Highest Turnover in XNET Network, 2017

1stprize – MEGA EQUITY SECURITIES & FINANCIAL SERVICES PUBLIC LTD

2ndprize – HELLENIC AMERICAN SECURITIES S.A.

3rd prize – THE CYPRUS INVESTMENT & SECURITIES CORPORATION LTD

ATHEX Members, Best Country Research Team, 2018

1stprize – EUROBANK EQUITIES S.A.

2ndprize – PANTELAKIS SECURITIES S.A.

3rd prize – NBG SEUCIRITIES S.A.

ATHEX Listed Companies, Best IR Team, 2017

1stprize – MYTILINEOS S.A. GROUP OF COMPANIES

2ndprize – OPAP S.A.

3rd prize – TITAN CEMENT S.A.

Among others, an address was delivered during the eventby Debora Wince – Smith, President & CEO of the Global Federation of Competitiveness Councils (GFCC) who handed out one of the prizes and stressed the importance of competition for companies in the new digital era, and also congratulated the Athens Stock Exchange for its cooperation as a Member of the GFCC. At the same time, Ms. Debora Wince – Smith, underlined the necessity for putting in place programmes that develop the skills of companies and foster their extroversion, such as the ROOTS programme designed by the Athens Stock Exchange in cooperation with leading representatives of the global capital market ecosystem.

At the closing of the event, theCEO of the Athens Stock Exchange,Sokrates Lazaridisremarked that:“The Athens Stock Exchange makes a dynamic contribution in supporting the Greek economy in every phase of its cycle. The Athens Stock Exchange Group, with the initiatives it has undertaken through time, is working towards speeding up the integration and utilisation in Greece of the international developments in the operation of the global capital market in order to achieve substantial results for the development prospects of Greek enterprises.”

The event was attended by more than 200 people, including members of investment firms, listed companies, representatives of agencies of institutional and private investors, as well as representatives of companies participating in the Greek capital market ecosystem.

For the complete press release, presentation and event images and video, click here.